ShepWave Three Important Updates for Monday Published. OUTSIDE-UP Pattern in WTI-CRUDE OIL!
by ShepWave.com
Posted: 4/3/2020 17:59 EST
11:42 PM ET USA. Intra Day Update for Monday Published.
We have had some emails commenting on the fact that it seems that markets are (finally) moving more in-line with expected technical patterns. See--there is money to be made in markets that aren't continually making new all-time highs!
CAN'T MAKE THIS STUFF UP!
Keep trading in accordance with your risk abilities. Volatility is not finished--and the predictability of the volatility at least so far has been pretty easy.
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Pre-market / Intra Day Update for Monday Published.
Remember the notes we gave two weeks ago, on the WEDGE pattern we are using as a potential short term aggressive signal!
Again, CAN'T MAKE THIS STUFF UP!
Now what?
Log In at http://www.shepwave.com/ for Monday's Pre-Market / Intra Day ShepWave Update.
$99 ONE YEAR SUBSCRIPTION SPECIAL! (No discount codes necessary. Market volatility is heating up--all special rates will be short-lived and ending soon!)
The SECOND ShepWave Update for Monday has been published.
The Regular Update, showing daily time frame analysis and triggers for the major U.S. equity indexes; Crude Oil: GOLD; and the VIX.
Have we seen our last *new* all time high for the major U.S. equity indexes, for a while?
CAN'T MAKE THIS STUFF UP!! Notice how quickly (most of) the indexes hit their gap up opens from October 2019--which we at ShepWave have been citing for several weeks now
WTI-CRUDE OIL has been issuing some profitable turn-signals. We may be ready for another! The OUTSIDE--DOWN and bearish patterns we saw in January and February--playing-out--to hit key target range given in past of 26-30; and even down to the low 20s. WOW--THAT WAS QUICK!
NOTE that as of the week ending Friday, April 3, 2020--WTI CRUDE OIL saw a technical OUTSIDE-UP WEEK Pattern.
GOLD Traders--DON'T LOSE PROFITS! IMPORTANT MID TERM TRADING GUIDELINES HERE! Remember the TWO OUTSIDE-DOWN WEEKS we saw recently? Gold went from 1700 to 1450 in a snap! What's Next?
CAN'T MAKE THIS STUFF UP!
It is recommended for newer subscribers to go through past updates to get a feel for what technical information has brought us up to this point.
ShepWave analysis is always building upon previous technicals and analysis.
As a note of caution: There are a lot of analysts who try to predict wave counts. Please be careful of doing that. It is good to understand the dynamics and underlying principles of Elliott Wave Theory but in the labeling of wave patterns, remember that no pattern or wave count is official until the next wave series begins. So many otherwise really good analysts seem not to understand this simple concept with regards to Elliott Wave Theory. The key is to follow the appropriate Trade Triggers as given by ShepWave analysis.
Log In at http://www.shepwave.com/ for Monday's ShepWave Updates
$99 ONE YEAR SUBSCRIPTION SPECIAL! (No discount codes necessary. Market volatility is heating up--all special rates will be short-lived and ending soon!)
Weekly Analysis for Dow Indu, Dow Tran, SPX, NDX, RUT, and WTI Crude, Gold.
Is the rally over?
CAN'T MAKE THIS STUFF UP!! Notice how quickly the indexes hit their gap up opens from October 2019--which we at ShepWave were giving.
Pay attention to the weekly time frame charts for WTI-CRUDE OIL. NEW RECENT LOWS. The OUTSIDE--DOWN and bearish patterns we saw in January and February--playing-out--to hit key target range given in past of 26-30. WOW--THAT WAS QUICK!
As of March 27, 2002 WTI-CRUDE is down to 2001/2002 levels. I don't know what to say--maybe--You're Welcome! SELL SIGNALS played out perfectly.
IMPORTANT--As of the Week ending Friday, April 3, 2020 we see WTI-CRUDE OIL issue an OUTSIDE-UP Technical Pattern. What are the implications here? Also notice the weekly RSI!
Now is not the time to play around. Be ready!
TURN OFF THE CNBC! Does anyone actually still watch?
Those who followed the recent short term signals did well--but is it time to take this a little more seriously than just a short term opportunity?
CAN'T MAKE THIS STUFF UP!
ANOTHER OUTSIDE DOWN WEEK PATTERN IN GOLD two weeks ago, March 13, 2020! Did you see what Gold has done in the past f0ur weeks? Don't fall asleep at the wheel traders. NOW--gold managed to bounce up from its 50 week moving average.
Log In at http://www.shepwave.com/ for Monday's Special ShepWave Update.
$99 ONE YEAR SUBSCRIPTION SPECIAL! (No discount codes necessary. Market volatility is heating up--all special rates will be short-lived and ending soon!)
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Reference: Shepwave.com is a technical analysis site for the Major U.S. stock indexes. We use Elliott Wave theory along with our proprietary indicators to give analysis for the Dow Industrials, Nadaq 100 and S&P 500 indexes. We specialize in trading the QQQ and DIA. |
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